×
App Icon
The Standard e-Paper
Fearless, Trusted News
★★★★ - on Play Store
Download App

Sending home workers fails to fix banks’ rising wage bill costs

National Bank Harambee Avenue: Photo: Wilberforce Okwiri

Kenya’s banking sector spent Sh97 billion to pay staff salaries in 2016 despite job cuts, an increase of 10.4 per cent from previous year’s Sh87.8 billion, even as move to trim workforce gains momentum.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in